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US Court Approves 3AC's Bid to Expand $1.5B Claim Against FTX

Decrypt LogoDecrypt19h ago

US Court Approves 3AC's Bid to Expand $1.5B Claim Against FTX - Decrypt

Quick Summary:

The ruling allows 3AC’s liquidators to pursue a much larger recovery from FTX’s bankruptcy estate, adding to the complexity of existing claims.

Liquidators argue the founders should be held accountable for deepening 3AC’s financial woes in the weeks before its collapse.

The fund, founded by Kyle Davies and Su Zhu, had placed heavily leveraged bets on digital assets, including the TerraUSD stablecoin, which lost nearly all its value in May 2022.

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US Court Approves 3AC's Bid to Expand $1.5B Claim Against FTX - Decrypt (Picture 1)

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 01:50:08 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 26974463

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "US Court Approves 3AC's Bid to Expand $1.5B Claim Against FTX" has 499 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "US Court Approves 3AC's Bid to Expand $1.5B Claim Against FTX" was covered 19 hours ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 4 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #26974463
  • URL: https://beamstart.com/news/us-court-approves-3acs-bid-17419173905411

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